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Gift tax


23 July 2015 Sir, If a immovable property is received by a unregistered society as a gift by a unregistered trust, then in that case what are the tax obligation on society under section 56(2)(vii)

23 July 2015 in case of recipient its applicable to individual or huf not on other .


23 July 2015 It will be taxable as section 56(2)vii is applicable on individual and huf only.


23 July 2015 Thank for the kind reply but as society is not treated as individual in that case we can avoid gift tax



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